The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 No. 410

[F1 SCHEDULE 8 U.K. QUOTED COMPANIES: DIRECTORS’ REMUNERATION REPORT

Textual Amendments

F1 Sch. 8 substituted (1.10.2013) by The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 (S.I. 2013/1981), regs. 1, 3, Sch. (with reg. 4)

PART 3 U.K. ANNUAL REPORT ON REMUNERATION

Percentage change in remuneration of director undertaking the role of chief executive officer U.K.

19.— (1) The directors’ remuneration report must set out (in a manner which permits comparison) in relation to each of the kinds of remuneration required to be set out in each of the columns headed “a”, “b” and “c” of the single total figure table the following information—

(a) the percentage change from the financial year preceding the relevant financial year in respect of the director undertaking the role of the chief executive officer; and

(b) the average percentage change from the financial year preceding the relevant financial year in respect of the employees of the company taken as a whole.

(2) Where for the purposes of sub-paragraph (1)(b), a comparator group comprising the employees taken as a whole is considered by the company as an inappropriate comparator group of employees, the company may use such other comparator group of employees as the company identifies, provided the report contains a statement setting out why that group was chosen.

(3) Where the company is a parent company, the statement must relate to the group and not the company, and the director reported on is the director undertaking the role of chief executive officer of the parent company, and the employees are the employees of the group.]